Regnum Limited - Accounts to registrar (filleted) - small 18.2
Regnum Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| FOR |
| REGNUM LIMITED |
| REGNUM LIMITED (REGISTERED NUMBER: 05145864) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| REGNUM LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Harben House |
| Harben Parade |
| Finchley Road |
| LONDON |
| NW3 6LH |
| REGNUM LIMITED (REGISTERED NUMBER: 05145864) |
| BALANCE SHEET |
| 31 DECEMBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved and authorised for issue by the director and authorised for issue on were signed by: |
| REGNUM LIMITED (REGISTERED NUMBER: 05145864) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 1. | STATUTORY INFORMATION |
| Regnum Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on the going concern basis, which assumes the continued support of the director and the |
| long term creditor. |
| In this regard , Mr F Ozturk, one of the long term creditors and former director, has specifically represented that he will not |
| seek repayment of the loans owed to him in the foreseeable future. |
| Turnover |
| Turnover represents net invoiced sales of services and the proceeds of property disposals, excluding value added tax. |
| Tangible fixed assets |
| Computer equipment | - |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and |
| liabilities like trade and other debtors and creditors. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective |
| evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable |
| right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the |
| liability simultaneously. |
| Debtors |
| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement |
| constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted |
| at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. |
| Cash and cash equivalents |
| Cash includes cash in hand, deposits held with banks. Cash equivalents are highly liquid investments that are readily |
| convertible to known amounts of cash with insignificant risk of change in value. |
| Creditors |
| Basic financial liabilities, including trade and other creditor, loans from third parties and loans from related parties, are |
| initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt |
| instrument is measured at the present value of the future payments discounted at a market rate of interest. Such |
| instruments are subsequently carried at amortised cost using the effective interest method, less impairment. |
| REGNUM LIMITED (REGISTERED NUMBER: 05145864) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it |
| relates to items recognised in other comprehensive income or directly in equity. |
| Current taxation is not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| Foreign currencies |
| Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 January 2019 |
| and 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| REGNUM LIMITED (REGISTERED NUMBER: 05145864) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other creditors |
| The above creditor consists of an unsecured loan, repayable within five years; interest is due at the rate of 2% per annum. |
| 8. | RELATED PARTY DISCLOSURES |
| Included in other debtors is an amount owed by New Ventures (London) Limited of £6,838,521 (2018:£6,765,291), a |
| company controlled by the director A S Ozturk. |
| Other debtors also include £3,224,194 (2018: £3,259,734) owed by Next Game Limited, a company in which the director A |
| S Ozturk has a controlling interest. They also include £262,794 (2018: £241,425) owed by Regnum Investments Limited, a |
| company controlled by the director A S Ozturk. Finally other debtors include an amount of £85,311(2018-£69,521) due from |
| Regnum Food Ltd, a company also controlled by the director AS Ozturk. |
| Other creditors falling due after more than one year is an amount owed to Fikret Ozturk of £12,341,713 (2018: |
| £12,113,811), the former director of the company, and father of the director. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| REGNUM LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
| Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Regnum Limited for the year ended 31 December 2019 which comprise the Profit and Loss Account, Balance Sheet |
| and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Regnum Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regnum Limited and state those matters that we have agreed to state to the director of Regnum Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regnum Limited and its director for our work or for this report. |
| It is your duty to ensure that Regnum Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Regnum Limited. You consider that Regnum Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Regnum Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Harben House |
| Harben Parade |
| Finchley Road |
| LONDON |
| NW3 6LH |